AGG vs. GC=F

Last updated Jun 9, 2026

AGG (iShares Core U.S. Aggregate Bond ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while GC=F (Gold Futures) is an asset. At a 0.05 correlation, their price movements are largely independent.

Performance

AGG vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. Aggregate Bond ETF (AGG) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AGG

• 1D: 0.00%
• 1M: -0.69%
• YTD: -0.08%
• 6M: 0.26%
• 1Y: 4.97%
• 3Y*: 3.88%
• 5Y*: -0.03%
• 10Y*: 1.52%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGG iShares Core U.S. Aggregate Bond ETF	-0.08%	7.19%	1.31%	5.65%	-11.26%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%

Correlation

The correlation between AGG and GC=F is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.05

Return for Risk

AGG vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGG

AGG Risk / Return Rank: 40
AGG Sharpe Ratio Rank: 41
AGG Sortino Ratio Rank: 42
AGG Omega Ratio Rank: 39
AGG Calmar Ratio Rank: 40
AGG Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGG vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and Gold Futures (GC=F). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGG	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	5.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AGG	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	—	—

Drawdowns

Drawdown Indicators

	AGG	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-18.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.43%	—	—
Current Drawdown Current decline from peak	-2.47%	—	—
Average Drawdown Average peak-to-trough decline	-2.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	AGG	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	—	—

Frequently Asked Questions

Can I hold both AGG and GC=F in my portfolio?

AGG and GC=F have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.